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M21065 - Consolidated Group (Income Tax) Rules: The Accounting Implications

  • 5 May 2021
  • 10:00 - 12:45
  • Online Webinar

Registration


Registration is closed
Registration Time: 09.45
Sessions Time: 10.00 - 12.45 incl 15min break
Speaker: Mr David Leone Ganado
Venue: Online Webinar
Participation Fees (The Institute is now accepting payments via Paypal)
MIA Members: €35.00
Non-MIA Members: €65.00
Retired Members: €17.00
Students: €25.00
*Group bookings for 3 or more participants available.

Background Information

The Consolidated Group (Income Tax) Rules (the "Rules") were introduced in 2019, and entities that form part of a group and that satisfy the requirements set out within those Rules may elect to form a fiscal unit for corporate income tax purposes with effect from the year of assessment 2020. When such an election is made, the members of the fiscal unit are treated as a single taxpayer, and their tax return is based on the fiscal unit’s consolidated financial statements.

OBJECTIVES OF THE SESSION

This 2.5 hour session will address the key accounting implications arising from the Rules, both in terms of the fiscal unit's consolidated financial statements, as well as from the perspective of the parent company and its subsidiaries. IFRS and GAPSME accounting implications will both be addressed throughout the session.

TOPICS ON THE AGENDA

• The approach to the fiscal unit consolidation
• Current and deferred tax recognition within the consolidated financial statements
• Presentation and disclosure within the consolidated financial statements
• Tax rates applicable within the parent's and the subsidiaries' financial statements
• Current and deferred tax recognition within the parent's and the subsidiaries' financial statements
• Intra-group funding arrangements between the parent and its subsidiaries
• Implications of joining or leaving a fiscal unit

    Speaker's Profile

    David spent over 20 years at a Big 4 firm, initially carrying out external audits before spending 12 years specialising in, and providing advice on, technical accounting matters under IFRS and local GAAP. He sits on the MIA's Financial Reporting Committee, has contributed significantly to the MIA's development of GAPSME as well as its guidance note on the accounting implications arising from the Consolidated Group (Income Tax) Rules, and has more than 14 years of experience in delivering seminars on financial accounting. He is a fellow of the MIA and ACCA, holds a CPA warrant, and has recently set up Accounting Advice by David Leone Ganado."

    EVENT CPE COMPETENCES

    2.5 Hours Core


    WEBINARS TERMS AND CONDITIONS


    Terms and conditions  apply


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